Towards night Arthur Elwood returned, and in his usual quiet way entered the room where Mrs. Elwood was sitting; when, shaking his head as if in reply to the question respecting her still absent husband, which he saw, by the painfully inquiring expression of her countenance, was rising to her lips, he took a seat by her side, and, with an air of concern and a slight tremor of voice, commenced:

"I have been debating with myself, sister Alice, whether it were a greater kindness to go away without seeing you, and of course without apprising you of what I may have discovered respecting your husband and his affairs, or come here and tell you truths which would be painful,—too painful, perhaps, for you to bear."

"'Tis better I should know all," rather gasped than uttered Mrs. Elwood.
"You will tell me the truth,—others may not. Go on."

"Your husband," resumed the other, "wrote me for the help of a few thousands, which I would have freely loaned, but for my suspicions that all was not right with him; and, as I plainly told him, I came on to ascertain for myself whether such help would be thrown away, or really relieve him, as he represented, from a mere temporary embarrassment. I have now been into the painful investigation, and find matters, I grieve to say, tenfold worse than I suspected. He is, and must have been for a long time, the companion and the victim of blacklegs and cutthroats, and—"

"I suspected,—I knew it," interrupted the eager and trembling listener; "and O Arthur, how I have tried and wept and prayed to induce him to break off from them; for I felt they would eventually ruin him."

"Eventually ruin him! Why, Alice, with his own miscalculations in business, folly and extravagance in every thing, they have done so already."

"But the main part of his property," demanded the other, with a startled look, "you don't mean but what the main part of his property is still left?"

"Yes, I do, Alice,—but I see you are not prepared for this. Still, you may as well know it now as ever. Yes, Alice, your husband is irretrievably bankrupt!"

Mrs. Elwood was not indeed prepared for this development. She had foreseen, it was true, the coming evil; but she supposed it was yet in the distance. She knew her husband's property had been a large one; and the announcement, from one she could not disbelieve, that it was all gone, struck her dumb with surprise and consternation. She uttered not a word. She could not speak, but sat pale and trembling, the very picture of distress.

After pacing the room a few moments, with frequent commiserating glances at the face of the other, whose distress evidently deeply moved him, Arthur Elwood stopped short before her and said: